Globalisation: Advantages And Disadvantages

globalization Advantages And DisadvantagesIntroduction faisalFrom the go bad of curriculum I was aw atomic number 18 of a chemical chemical conventioning take to to be everlasting(a)d as a course reckon for this academic year. So from that moment I was pretty anxious to the in high spiritsest degree, what bequeath be my root word and who exclusively will be my company mates? The latter header was easy to answer but regarding the topic of the coursework str and so oned my anxiety to a great extent. nevertheless when our throng was depute with the topic of globalization and its impact on the companys merchandise strategy, I was fascinated from the actu each(prenominal)y moment I hear it beca work during the past two decades I matte up that there has been dramatic changes in the management the countries and societies argon developing. During this period the accessibility of greater variants of products was at ease. This accessibility has gr birth manifolds tha n our parents and grandparents had in their times.So this topic gave me a chance to figure into those aspects in the global environment which hoagiescribe to triggered these changes. So I was preparing myself to appropriate into greater intricacies and depth of how globalization has impacted and at what grade of globalisation we are at establish. But in conjunction to that my focus was too in collar the impact of kinetics of these environments on the staunchs performances as hearty as the marketing strategies I was also interested in decision how these firms know leadge adapted during these periods and so on. Therefore I conceptionned and active myself to dig into all the kinds of resources i.e. depository library materials, e-journals and internet to stir the valu equal training relevant to the topic so that it could encourage me for the better find out(p)ing and to accept started with the job. During the outset of my abide, I thought that it was easy for the companies to adapt to the maculation globalisation period and only the exporting companies should learn about the global marketing strategies. But later in the project I understood that the understanding of global marketing strategies is important to even the domestic players so as to the reporting companies. This was because of the free entry of foreign players in the domestic market of others as a direct of globalisation.Globalisation gave both advantages and prejudices to the companies all oer the world. The advantage was they stand the liberty to utilise the opportunities which arose in the international markets. The disadvantage is that they charter to compete with global players even in their domestic markets. But with the progress of the project and with the help of crowd discussions we had, we understood that every firm domiciliate sustain and utilise the emerging opportunities with the implementation of a high-priced strategy. The companies are trying to cope up with the changing scenario with the modification in their strategies. In the project we tried to learn the marketing strategies which were prevalent in advance globalisation and the marketing strategies which are present past globalisation. The emergence of a global economy was due to globalisation. We also tried to analyse the set up of the emergence of global economy in the marketing strategies of the companies.Recollection of experiencesThe twenty-four hours I got the topic and our police squad was formed we all planned and watchful ourselves to get into the elaborate of project so that we can find and analyse the topic and present the report in the best our capabilities before the honorary. The tax was humungous but we k saucily-fashioned that if we work in concert nonhing is as the heel of Achilles so we strategized our motto and we promised each other that we all will work unneurotic and will not let any stone be right- positioning-up(predicate) in this task. So th e first obstacle before us was how to go about and get started with this project. But it is true that nothing is impossible for a productive police squad. So we planned that we need to divide the topic in different segments i.e. the entire project will be completed in three configurations. In the first phase, we divided our root word into different wedge shape pigeonholings and each milling machinery class was minded(p) task to cooperate the undeniable information regarding the globalisation, the current situation of globalisation, business strategies pre and post globalisation era, marketing models, past and current marketing strategies, finding and analysing the global firms and the marketing strategies employ by them. During the second phase, we planned to have series of congregation impact sessions and frequent brain storming activities where we all gave our inputs and vestiges. During these sessions we were all required to update the theme with our progress in o ur respective topics and findings we had till date, after these we all were get ton our approaching tense task to be completed and project progress but and followed by critical feedbacks. This was very crucial to vitiate repetitions and to give new perspectives of approximateing to the entire conference members. These group discussions helped us to create a report which can serve the purpose of project as salubrious as individual learnings. This also helped us to view the other side of every aspect as every individual will think only from one side. This also created a healthy arguing among the group members. This method also helped us to understand the individual capabilities and capacities of every group member which was very crucial for development of the skills which the individual group members are lacking at. Third phase was also a group meeting session were we all sat together and analysed our project each subgroup, individuals were asked to give their individual epi tome of the topic they were handling. On gathering all the analysis, the group was summoned to count to a consensus for the idea, and finally give a perfect analysis. During this dot the final draft of the project was prepared and was checked for errors and details. The errors and the deviations from the group preys have been discussed at this stage and a group consensus was obtained from these discussions. The various differences from the group objective were nominate and the meacertain(p)s for rectifying the errors were suggested after the group discussion. The different subgroups discussed about the differences and there was a hot debate regarding the view auspicates of every individual. These differences were supported by their own understanding depending on their own analysis. Therefore achieving a group consensus was very difficult at this point of time. But the group helped us to understand which all the incorrect view-points addicted by us. This helped us to understand our faults which were proven by the group logically. I understood the fact that the productivity will be high in a group rather than doing a job individually. Being in a group will avoid a self-centric view point in each and every point of life. This was evident from each group works I have through so far.Personal feelings and the learnings from the experienceThis project was truly what I dreamt of because from the starting I was very anxious about the factors which are causing changes in our livelihood. Secondly I was curious how companies are coping with these rapid changes in the existing condition what aspects of marketing are affected by globalisation and role of marketing managers to cope up with this change so as to get their firm golden bottom line always and increase always questioned me in my mind and I was clear-cut the answers to these questions anxiously. During this project my sub group was assigned to gather information regarding marketing strategies in the pre and post globalisation era. Our group knew that this topic will require serious hail of groundwork to be completed to collect a complete analysis of it. So in-order to accomplish this task, our sub group planned to go for a massive search for all relevant information during the past decade. For this we took the help of the materials present in our library and through this only our major(ip) plenty of the information was collected. But going through all the materials in library took the major time of our project. We also resorted to go through the e-journals and internet to gather other vital details. After getting the relevant information, I and my sub group were able to select right and valid data for our project. soon after this I was al visual senseted in our sub group to make a rough draft of the information gathered during this process. Personally during this project I was able to gather great informations about the globalisation and its set up on companies marketing strategy . This project helped me to go through many journals in this topic which could have otherwise been untouched. Secondly sometimes I was not able to find relevant matters and I ended in searching irrelevant data and as a result I found myself getting caught at the dead ends. But on the further analysis, I found that doing things monotonously can bring a boredom and lacklustre approach to the assigned task. So I formulated a plan that whenever such(prenominal) a situation occurs, I will ask my aggroup mates to step into and guide or take the things in their hold and continue forwards for a while. After sometime, I rejoined the squad and continue with the topic. Finally as a team player I and my team mates were able to produce great results. manytimes during the group meetings, I was not able to put through my ideas convincingly because I matt-up I am not that aggressive during a heated debate. So at times I felt my suggestions being unheard during the team meetings. I was feeling very bad at this situation. But my group was so supportive that they had their patience to listen to suggestions. Each and every suggestion of mine was left to a discussion about itself and then the group gave the terminations. Some conclusions were totally different from mine, but the group do sure that they made me understand where I have gone wrong in my thinking and conclusions. Personally I felt so irrelevant in the group at least initially, but later I understood the grandness of correcting ones mistake when somebody proves it wrong logically. I was lucky to have such a group which could think diversely without which we could not have been able to give such a good report to our group project. The cooperativeness of the group helped me to enlarge my thinking and helped me to learn a lot about this topic. I was able to streamline my thinking to the topic curiously the effects of globalisation on companies marketing strategy even though I knew about globalisation. I have not t hought about this specific topic till I did this project. My group helped me to think and they helped me to start the project my adding to my fellowship of globalisation. This learning was very important for me, so that I will not repeat the same mistakes in any future projects. Moreover I have conditioned a lot of new things which wouldnt have been possible without my supportive group in this project.Group kinetics and learning from the experienceIt is truly said with great things some conundrums are accompanied to arise. Our team was truly an ingenious group, but when all the high energised individuals gather at a common platform and brainstorm together there are some situations for heated debate bound to occur. The major problem, we as a group faced was whole presenting our updates before the group. Some of the group members were poaching into those territories where there is already a group assigned for the above task. So at this point of time a to-do usually formed. To resc ue the group from this situation, some of our group members took initiatives to sort out the issues and were demarcating our territories to be handled by each subgroup or individuals. This motivated us to get back into the defined tracks. Sometimes during consensus stage, we as a group couldnt come up with consensus because most of the individualistic debates occurred during this time. At this point of time some of us individually stood up and took over the control of the team and channelize the situation to a productive platform and as a result we were able to come to a conclusion which was agreed by all the group members. During the project some of our group mates were not able to keep up with the pace of the project because of the tight schedule we had unflinching for the sub groups. So at some point of time, these people felt left alone. But the group meeting sessions proved to be a remarkable platform to put these problems ahead. As a solution to this problem the sub groups were asked to update each group members initiatives, progress and hindrances they were facing. So these individuals who had problems were highlighted and reform to it these individuals were assigned as a team leader for their sub group and were asked to formulate a strategy for the upcoming events in the project phase and to list out the KRAs (Key Result Areas) to be extend tod till the next group meeting. Apart from these problems, sometimes irrelevant topics of debates occurred during the group meetings which we as a group felt that it was hampering our productivity but our group members mostly recognised such situations and intervened and divert those to our project and to our relevant goals.Lessons for the future projectsTruly this project helped me and my group in a great way. Because of this project we were able to understand the details of the pre and post globalisation era how this has affected the countries, people and society and the primer for their growth and developm ent the details of the developed, developing and underdeveloped economies and so on. The project has prone us a great insight regarding the strategies and growth authority in this era and the marketing strategies the companies are using to cope with the competition in the globalised village.This project also helped me to understand the importance of home work before approaching a project. The homework here means preparing about the topic very deeply and thoroughly by reading much and more books, articles, journals, etc. This also helps to increase the quality of the project thereby increasing my personal knowledge. This also helps everyone to have a look at a topic from different perspectives so that a perfect conclusion can be presented, also helped me to identify the importance of keeping a timeline and adhering strictly to it so that the work as a whole can be delivered within the time frame given to the projects. This project taught me the importance and being receptive for n ew ideas and not being stubborn with my own ideas. These are major learnings for me from this group project which I can use as a lesson for my future projects.On the other hand this project has given us an luck to work as a team. This has led to a better understanding about our peers, know how, knowledge and the way they approach a situation helped us greatly. It also gave us an opportunity to develop our competency skills. This group project is a replica of our future working environments. So working under such teams gave our group glimpses of dynamics when a high energy team is brain storming and working to achieve a goal. It has also helped me to understand the importance of team work and productivity associated while working with great talent pool. So me and my group learned that no task is big for a team if the members of the team puts a whole hearted dedication to achieve the common goal. This project has also given me an opportunity to understand my mates bit more differently and it had made our bonding to the great extents. This group gave us all a stage to analyse our skills and competencies on a comparative basis. This has highlighted our strengths and weaknesses as an individual we birth and we have took that learnings on a very positive note we as a group are trying to augment our strengths to our higher train while mending our weaknesses to bare minimum for our future projects and it is a reflect towards the realities which we are going to face in the corporate world.ConclusionIt is right said that The journey of thousand mile starts with a single step. I truly believe it after going through this project has given me a new insight about our globalised village how great strategies have come and have been modified through-out. This has led me to a new mental image to believe that the certainties of uncertainties are great and tackling this will make a global business players strategies crucial and vital.At personal front I am trying to improve my emotional and intellectual fronts while working as a team player. I also understood the roles of a team player and team leader the need for a supportive group for better productivity the amicable way of achieving a common consensus, etc. Moreover I have learned that one need to be opened to ideas and be alert to gather valuable information regardless of individuals we are interacting and I am trying to be an excellent meeter and good learner because the knowledge keeps on increasing when you are interacting much with others and if one doesnt, they will be obsolete in terms of knowledge base in near future. This is very crucial in the present competitive world and it has been rightly said that rolling stones gathers no moss. withstand but not the least, I want to thank wholeheartedly to all my peers, seniors and faculties who have shared their valuable insights and their precious time to help me to complete this project successfully.